New Living Wage Announced In Summer Budget

The video discusses the implications of the living wage increase announced by the chancellor. It covers the potential impact on businesses, employees, and families, highlighting concerns about inflation and financial planning. The video also addresses regional economic disparities in the UK, emphasizing the different effects of the wage increase across the nation.

What concern does the cafe owner have about the new living wage?

• It will reduce the number of employees.

• It will increase business costs and affect inflation.

• It will lead to business growth.

• It will decrease customer satisfaction.

How do employees perceive the new living wage?

• As a threat to their job security.

• As a means to improve their living standards.

• As a reason to work fewer hours.

• As a way to increase their workload.

What is a potential impact of the living wage on family planning?

• Families will not be affected at all.

• Families will receive government support for more children.

• Families may struggle to afford more children.

• Families may consider having more children.

What economic issue is highlighted despite falling unemployment?

• Stagnant wage growth.

• Increasing interest rates.

• Rising inflation rates.

• Decreasing consumer spending.

What regional challenge is mentioned in relation to the living wage?

• High housing costs in the south.

• Limited job availability in the north.

• Insufficient healthcare facilities.

• Lack of educational opportunities.